Today to just about 29 a share, easily making it the bestperforming stock on the Dow Jones Industrial average. And shares rose despite reporting revenue that fell short of expectations. Mary thompson has more on whats going right for ge. Reporter in what Ceo Jeff Immelt called a slow growth and volatile environment, ge held the line on costs and helped by strength in its aviation and transportation businesses beat earnings expectations in the Third Quarter. Crisp execution in tough markets, thats the hallmark of a wellmanaged company. Reporter even as revenue missed forecasts, immelt reiterating the firm should meet its profit targets for the year, which is turning out to be its most transformative ever. The firm is ahead of schedule on its plan to sell 200 billion in assets for its finance arm aas it shrinks the once mighty unit. Its about to close on its largest deal ever, the purchase of the french Power Company alstom. And if conditions permit it will sell its stake in synchony this month a move that will let it buy back 20 billion in stock. Its a move to return cash to shareholders and generate 90 of the firms profits from industrial businesses by 2018. The plan and execution getting attention from investors who sent the stock to a sevenyear high on the back of the earnings news, building on gains that ges seen since activist investor nelson peltz took a 2. 5 billion stake in the Company Earlier this month. On the Earnings Call immelt saying the strategy peltzs firm would like to see ge embrace are mostly in line with his own. I think the white paper kind of lays out their thesis. You know, we dont agree with everything, but its pretty consistent with what weve done and what were doing. Reporter immelt and his Management Team doing a lot of work in short order to end the longrunning underperformance of ges stock. For nightly Business Report im mary thompson. That Retail Finance arm that mary just mentioned saw its profits rise and top wall street expectations. Sinkrony financial, the provider of store credit cards, saw purchase volume grow double digits in the most recent quarter. Earlier this week synchrony won approval to split off from general electric. Nevertheless, shares fell more than 3 1 2 . On also stocks closed higher for the Third Straight week. Mixed Economic Data pushed out expectationses for the timing avenue i rate hike and thats being viewed as a good thing for stock investors. By the close the Dow Jones Industrial average gained 74 points to finish at 17,215. The nasdaq rose 16. The s p 500 added 9. For the week all three major averages rose. The nasdaq seeing the biggest gain of more than 1 . The number of job openings across the country pulled back in august from the record set in july but it still remains at the second highest level ever. The number of positions waiting to be filled dropped slightly to 5. 3 million. The Labor Department report also showed that the quit rate held steady for the fifth month in a row. Consumer sentiment climbed more than forecast in october. This as gasoline prices fell and many believe wage gains will accelerate. According to a survey by the university of michigan, consumers anticipate continued economic expansion but they also expect some headwinds from weak global growth. Separately Industrial Production fell for a second straight month in september on weakness in the energy sector, a strong dollar, and slow growth across the globe. Next week will be dominated by Earnings Reports and investors will be listening to what the companies have to say about the economy and their future prospects. 12 dow components report. Want to hear them . I hope so because youre going to hear them. Including ibm, travelers, verizon, united tech, american express, coke. Here we go. Boeing, microsoft, qatar pil lar, 3m, mcdonalds, and procter gamble. Come monday investors will get a fresh look at chinas economy when that country releases its Third Quarter gdp. The slowdown in china has roiled markets and Commodity Prices. Seema mody tells us exactly what markets will be watching. Reporter the big question, will we see chinas annual growth forecast fall below 7 for the First Time Since 2009 . Many economists say theres a good chance that will happen, in part because china is changing the way it reports gdp. It used to report projections for annual growth four times a year. Now its breaking out gdp for the most recent quarter. The new quarterly gdp numbers are subject to higher volatility, and thats what has investors a bit worried. Now the Chinese Government will give a measure of output by specific industries. Services were outperforming manufacturing in china through the first half of the year. But banks and brokerages likely suffered in the Third Quarter as the chinese stock market tanked. Some analysts will be looking at things like health care, tourism, and media to offset a drop in the financial sector. If they dont, chinas gdp is likely to take a hit. Real estate is another area of interest. Chinas property sales recovered some in the second quarter, but Real Estate Development slowed drastically in the first eight months of 2015. And that slowdown has weighed down Commodity Prices around the world. Its not the exposure directly to china. Its the exposure we have to europe. In europe the intense exposure they have to china it all comes full circle back to our shores. Reporter Infrastructure Investment also slowed this year and those numbers will be watched to see if chinas fiscal and monetary efforts are working or if more stimulus is needed. Still, mixed data out of china this week didnt pull the stock markets down, and there are some investors who feel even if chinas growth rate slows below 7 that stocks might be okay. Even in that 6, 6 1 2 handle for the second largest economy of the world, to be growing at that rate, not as bad as maybe the market is suggesting here. Reporter not bad as long as there are no surprises. Just remember what happened to stocks after china surprised everyone by devaluing its currency not so long ago in august. For nightly Business Report im seema mody. And from china we go to europe now, where auto sales rose nearly 10 in september. That made the 25th consecutive month of growth in the European Union for that metric. But as phil lebeau reports, volkswagen lost some market share. A first sign that the emissions scandal is starting to pinch. Reporter almost a month after the scandal surrounding rigged diesel emissions erupted at volkswagen, the german automaker is starting to feel the impact. European auto sales in september show vw lost market share to competitors. Overall the company lost. 3 to other automakers in europe where some countries have suspended sales of certain vw diesel models. Volkswagens new ceo, matthias muellers trying to quickly move his company past the scandal but its still too early to predict how many billions of dollars it will ultimately cost the company. Officially, vw has recalled more than 8 million diesel models in europe and will start repairing those vehicles early next year. Meanwhile, here in the u. S. Vw dealerships have diesel models parked in the back of dealerships because the company has yet to find a solution to bring those cars into compliance with epa pollution standards. While vw sales in september have only shown a slight impact from the diesel scandal, the real test will come over the next couple of months. Thats when volkswagen will be working to restore sales of certain diesel models not only in the United States but in many countries around europe. Phil lebeau, nightly Business Report, chicago. The recently named ceo of United Continental airlines has been hospitalized. In a statement the airline offered no details about the condition of oscar munoz but did say the airline was operating normally. Munoz replaced former ceo jeff smisek last month amid a federal probe involving the Port Authority of new york and new jersey. Shares of the airline fell 3 on the trading day. And the last ever u. S. Airways flight will take off tonight from san francisco. This as the carriers merger with american nears completion. Once flight number 1939, named for the year the airline was founded, lands in philadelphia, there will be no more us airways. All flights will fly under the American Airlines brand. And still ahead, show me the money. After years of cash flowing into startups, are things starting it to change in Silicon Valley . Money has been pouring into Silicon Valley startups. According to a new report, Venture Capital spending is on track for a record year. Pricewaterhousecoopers says 16 billion was invested in more than 1,000 deals in just the Third Quarter. But thats a 5 decline from the second quarter. And as josh lipton reports, some are now wondering if the Venture Capital market is starting to cool. Reporter it is a great time to be an entrepreneur in america. Thats one take from recent data showing the surge of money flowing into startups. There has now been seven straight quarters of more than 10 billion deployed to these young companies. In part, Venture Capitalists say this rush of money can be traced right back to the federal reserve. As central bankers leave Interest Rates near zero, investors are forced to chase returns and potentially higheryielding assets like the equity of startups. With the feds decision to keep Interest Rates low and push out the rise in Interest Rates, thewhatre doing is encouraging people to push up the risk and people are searching for growth. The cyclical growth area of technology. Theres a lot of capital which is pushing up the risk of looking for growth and theyre going into technology. Reporter the flow of money has boosted the number of socalled unicorns, or startups valued above 1 billion. There were 79 unicorns around the world at the end of last year. According to cb insights, a firm that tracks and analyzes Venture Capital. Today there are 142. The question now is whether the good times continue. Mason says Venture Capitalists if theyre going to keep pumping money into startups need to start seeing actual cash returns on their investments meaning startups need to go public or sell. I think theyre getting close to the show me the money stage. For this kind of investment to continue you need to see distributions coming from ipos in m a markets and as you know the ipo market has been choppy. But if you dont see those distributions start coming soon, we will start seeing this investment come down. Reporter there also could be signs of cracks already developing in the startup community. Notetaking app evernote recently announced layoffs, and Mutual Fund Investors in dropbox reportedly marked down the value of their holdings in the company by 20 . Venture capitalists have already invested more than 47 billion in the first three quarters of this year. The next few quarters will be critical in determining whether the Party Continues or whether startup founders will have a tougher time raising those big rounds of funding. For nightly Business Report im josh lipton in san francisco. Daily Fantasy Sports sites have been dealt another setback. Nevada regulators are bang them from operating in the state until they get a gambling license. The decision was made by the nevada gaming control board. Thursday evening both draft kings and fan duel pulled out of that state. Comcast ventures and nbc Sports Ventures have stakes in fan duel. Comcast is the Parent Company of cnbc, which produces this program. Now to the race for the white house. John harwood recently interviewed a number of president ial candidates from jeb bush to donald trump about their plans for the economy. Tonight he talks with Mike Huckabee about his proposals for wall street and your money. If you were a populist, a republican populist before it was cool. Whatever that is supposed to mean. Well, thats what im getting at. Now you have jeb bush, marco rubio, ted cruz, even donald trump saying we need to help the people in the middle and working classes. Eight years ago, nine years ago in the cnbc debate in fact, in dearborn, michigan, i remember it well i was there. We were all asked how the economy was doing and most everyone was giving the standard republican boilerplate language. Skys the limit. Wealth creates wealth. Stock market seems to be doing pretty well. That its doing great. I said, well, if youre work in the Corner Office things are going swimmingly well. But for a lot of americans its not doing so well. The people who handle the bags and make the beds at our hotels and serve the food, many of them are having to work two jobs. I was, i mean, just pilloried for that by the wall street journal and by others who thought that i was a total ignoramus when it came to how the economy was functioning. Well, it turns out i was pretty darn ahead of my time because within a year the economy had fallen apart and the people at the top were feeling what i was watching happen to the people at the bottom already. Let me ask you about wall street and its relationship to the rest of the economy. Im not sure that the repeal of glasssteagall was a brilliant idea because what you did, you erased the line between traditional banks would you bring it back . Very likely. And im not saying there shouldnt be some regulatory controls. And i hate to use the word controls. Some regulation. But what you dont want is a referee that doesnt simply enforce the rules but tries to totally control the flow of the game. Ben bernanke said in an interview the other day that he regretted the fact that no individual wall street wall street executives were prosecuted for their role in leading up to the financial crisis. Do you agree with him that somebody should have been prosecuted . Absolutely they should have. These were the smartest people in the room. John, these were the people that were supposed to be the geniuses. These were all ivy leaguers. And they knew darn well what they were doing is shuffling paper around and getting paid ridiculous sums of money. Why do you think none of those prosecutions ever happened . Money. Politics. Thats why i say, look, the contributors keep flowing to washington, washington keeps doing the dance. Ive said that washington is like a strip club. Youve got people tossing dollars and people doing the dance. It was a casino. And i got in trouble for saying that very thing eight years ago. Id like to say i was right. Governor, thanks so much for joining us. Thank you, john. Enjoyed it. John harwood. A sour Earnings Report puts shares of Kansas City Southern on the wrong track. Thats where we begin tonights market focus. The Railroad Company said earnings and revenue were hurt partially by a depreciation of the mexican peso. The Company Operates rails in mexico. Shares were off more than 10 to 87. 37. Honeywell internationals earnings beat wall street expectations but sales were a different story. The conglomerate said revenue fell 5 , hit by a stronger dollar and weaker demand for oil and gas equipment. The company also cut its fullyear revenue forecast. Honeywell shares fell 1 1 2 to 97. 03. Suntrust banks beat earnings targets on an adjusted basis. The company was helped by an edge up in its loan business while keeping costs in check. The street liked the news, sending shares up 1 to 40. 01. The Industrial Supply company ww granger cut its fullyear forecast as its earnings fell nearly 20 in its Third Quarter. Granger said its results reflect a challenging industrial economy in north america and if youre an Industrial Supply company that is not good news for you. Shares fell 6 , 207. 65. The Regional Bank comerica saw its earnings fall 12 in part because of lower oil prices. The texasbased bank lends to a lot of companies in the energy sector. And that exposes it to those sharply lower oil prices. Comerica shares were off about 1 . 42. 26. And the worst performer in the s p 500 i jumped the gun there. It was quanta services. It warned this quarters profit will be below its prior forecast and the Company Continues to see pressure on its margins. Shares walloped today, losing more than a quarter of their value. They finished the day at 18. 74. And shares of the fresh markets soared on a report that the specialty grocers founder was considering a buyout bid as reuters first reported, the founder ray barry, not the football player, ray barry is teaming up with a private equity firm to take the company private. The company says it doesnt comment on market speculation. Shares finished more than 7 higher to 26. 19. Now to our market monitor who likes big and mid cap stocks. He says theyre poised to do well in a volatile market. He is gene peroni, Portfolio Manager at advisers asset management. Last time he was on 18 months ago he recommended celgene, which is up 36 , polaris, which is down 17 , and Western Digital, which is off 20 . Good to see you again, gene. Welcome back. Great to be with you, sue. Lets start first of all with whether or not you still hold those stocks that we outlined. Celgene i still like here very much. Polaris i continue to like. It is down, as you mentioned. But i think the stock looks attractive at these levels. Western digital a bit of a different story there. Id say its a hold, but i wouldnt be looking at it as an aggressive buyer. I think there are others that are more attractive in the technology category. Lets take a look first at your overall market outlook. The market barometers been doing very well this month. One of the best months of the year. By some measures in several years. Do you expect this rally to hold into the end of the year, and if so why . I do. August 24th was a hideous day for the stock market. The volatility index, which is often dubbed the fear index, went up to 53, towering above the peaks that we saw last october amid the ebola scare, where it was about 31. So you had real panic there and tremendous selling at the opening. Days later we saw a key technical reversal in west texas intermediate crude. And thats held that reversal since. It went from 38 to near 50. Back to 50 which you would expect after reversal, and its stabilized since. That factor, that uncertainty is off the table now too. I think energy looks attractive here that had been an uncertainty for some time for the market. Earnings seem like theyre coming in pretty well here for the Third Quarter. And i think the fed is going to remain dovish for an extended period of time. Many of the underpinnings for this market look good. Most importantly, the technicals are responding very favorably. Certainly corrected has come back nicely, technology is coming back nicely. Consumer discretionary. And now we have the financials and Energy Stocks joining the groups. The leadership groups. So gene, i asked you earlier about celgene. Its one of your recommendations tonight as well. With a price target of 145. You mentioned the correction in the health care industry. I would assume that that pertains to celgene as well and thats one reason why maybe you would add to a position here . Yes. Celgene im offering because it is a real bellwether in the group. Its a large cap name. But there are midcap stocks in the Biotech Group that also look attractive. Health care generally, there are so many different subcategories but most of the subcategories of Health Care Continue to look very attractive. So i think what we went through here in the last several weeks, kind of politically triggered at one point there was a correction that arguably was overdue. Now i think the group is poised to move higher. You mentioned earlier that there are several Technology Companies that you like better than Western Digital and Nxp Semiconductor is one of them. Why . Well, specifically i do like nxp. I like that theyre involved in a number of different areas including automotive entertainment, and Security Systems and so on. Theyre involved in a lot of very favorable, in favor groups, id say, right now. Somewhat to the consumer focus. But i also like the semiconductors generally. For us to recommend a stock or put a stock in a portfolio, its not just a one off. We have to not only like the individual stock were recommending but the group as well. With nxp we have both of those in our favor. Ive got about 30 seconds left, gene. Signature bank is the last on the list. The financials are coming around here very nicely. I think that we had mixed earnings for the Third Quarter and this group is doing so well following the earnings is a very good sign for their outlooks. Signature bank is a midcap player. I like the midcap financials here right now very much. So spnys one of my favorite choices in that category. Gene, good to see you. Have a great weekend. Well see you again soon. Thanks, sue, you too. Gene peroni. Renovation nation. Why the timing may be perfect to take on that Home Improvement project. But good luck finding a contractor. Heres a look at what to watch for next week. It is the busiest week for Earnings Seasons a ty mentioned earlier. 104 s p 500 companies are set to report along with 12 dow components. Three key pieces of housing data. Home builder sentiment, housing starts, and existing home sales are out. And a number of fed officials are scheduled to speak. So hang on to your hats. Thats what to watch for next week. Planning to remodel your kitchen, update the bathroom . Yeah, go for it. Find a contractor . Not so fast. A new wave of remodeling has builders booked and shares of building suppliers like home depot, masco and whirlpool surging. Diana olick explains whats behind the renovation boom. Reporter homeowners are feeling better about the value of their property, and thats why theyre suddenly more willing to add to that value. Homeowners are once again turning to these discretionary projects, you know, that they just didnt feel confident in doing for so many years with the economy in the housing downturn. Reporter growth in Home Remodeling is expected to nearly tripling from now until the middle of next year according to harvards joint center for housing studies. Why . Growth in both home sxailz home values. When you buy a home, you generally want to fix it up a bit and put your stamp on it. But also, when you feel like your home value is growing, you dont mind spending more on it to get what you want. D. C. Area builder peter lustig says its a combination of confidence, cash, and fear of rising rates. Because one can borrow so inexpensively i think now, they would rather pull out the cash on a home equity line or something of that nature and improve their home. Its a very safe investment. Reporter in fact, cashout refinances jumped 68 this summer compared to a year ago according to black knight financial services. And a lot of that cash has gone right back into that house in the form of renovations. But finding someone to do the work is increasingly difficult. We lost so many construction workers during the downturn. Those workers are not necessarily coming back. Reporter winter is usually the slow season for all construction, but some contractors say theyre already booked through the spring. The rush is on before higher rates threaten to take that new kitchen off the table. For nightly Business Report im diana olick in washington. For more on the remodeling wave you can read dianas story on our website, nbr. Com. And heres another look at the day on wall street for you. The Dow Jones Industrial average gained 74 points to close at 17,215. The nasdaq rose 16. The s p 500 added 9. For the week all three major averages rose. The nasdaq seeing the biggest gain, of more than 1 . And that does it for nightly Business Report for tonight and for the week. And have a great weekend, everybody. Im tyler mathisen. Thanks from me as well. Well see you monday. Captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org gwen what it takes to run for president and what it takes to be president. Tonight on washington week. Hillary clinton im a progressive that would like to get things done. I wouldnt ask anyone to vote for me based on my last name. Gwen Hillary Clinton with a little help from her friends. The American People are sick and tired about hearing of your damn emails. I have been waiting for 10 minutes. What you heard tonight was a very different debate than the debates you heard from the two president ial republican debates. Gwen the debate almost, but not quite overwhelming joe bidens